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PPP Loan Data — Allan Briteway Electrical Contractors Inc., New York, NY

SBA PPP loan data, payroll data, and salaries for Allan Briteway Electrical Contractors Inc.
NY

Allan Briteway Electrical Contractors Inc.

Entity: Corporation

Industry: Electrical Contractors and Other Wiring Installation Contractors

Location: New York, NY

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Allan Briteway Electrical Contractors Inc. is a corporation located at 228 E 45th St 9th Floor in New York, New York that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.

The company has reported itself as a male owned business.

$ PPP Loan Information

Loan Size:

$10M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-15

Lender:

PROVIDENT BANK

Allan Briteway Electrical Contractors Inc. in New York, NY received a Paycheck Protection Loan of $10M through PROVIDENT BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Allan Briteway Electrical Contractors Inc.'s total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.

Unlike most businesses, Allan Briteway Electrical Contractors Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Allan Briteway Electrical Contractors Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Allan Briteway Electrical Contractors Inc. in New York, NY

Allan Briteway Electrical Contractors Inc.
228 E 45th St 9th Floor
New York, NY 10017

Business Industry

Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: NY-12

Similar Companies near New York

In the New York area, 50 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 0) and received an average PPP loan of $529,267 (compared to this company's $10M).

Industry PPP Comparison Statistics

Nationwide, 44,489 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $8,060,101,877.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 12 employees, and received an average PPP loan of $181,171, 98% lower than this company's loan of $10M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/allan-briteway-electrical-contractors-inc-new-york-ny